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Automated Clearing House

ACH payments cover bulk of all the payments handled by financial institutions on behalf of customers, both retail and corporate. The volumes grow as financial institutions acquire customers and corporates grow their businesses. Customers demand convenience, agility and reliability in processing their payments.

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Future proof

Same day ACH compliant
ISO20022 conversion
Proprietary and ISO8583 support
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Risk management

Real time payments verification
KYC and OFAC checks
Rule based routing
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Security

Single sign on
File encryption
Multi-level exception authorization
Exception queues

Highlights

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Warehousing payments

Auto-storage and presentment of payments requests
Scheduling of corporate payments
Auto-allocation of processing slots
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Enterprise integration

Real time CBS integration
Webservice for channel plug-in
Multi-channel workflow support
Raw message format conversions
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Technology framework

Micro service architecture
Scalable and sturdy container framework
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Value proposition

Originating financial institution

Maximize STP
Direct interface with Central accounting and multiple systems
Minimize reconciliation
Auto-accounting of success and returns
Risk prevention
Real time suspicious transaction check
Compliance
Total adherence to NACHA guidelines
Proactive flags
Scheduled originator file uploads and exception alerts
Coverage
Support for all prescribed payments types

Receiving financial institution

Robust exception routine
Minimize manual handling of return file
Customer Convenience
Real time fund availability, status alerts
Maximum automation
Real time / near real time core system accounting
Minimize reconciliation
Auto-return posting, auto charges collection

Originating / receiving customer

Convenience
Hassle free payments / request initiation
Vigil
Alert messages on important statuses needing attention / action
Efficiency
Appropriate reminders at right time
Control
Tracking of payments status at all times
Convenience
Pre-scheduling of payments to avoid penal charges

For information about Flux product and services from Evolvus, contact us at info@evolvussolutions.com